Did you know that the Top 10 recipients of corporate welfare in England received 80 percent of all funds distributed within the region between 2004 and 2017, according to our Corporate Welfare Database? It’s worth […]
Wealthy banker and Conservative donor Henry Angest has received £144,140 in CAP payments via an offshore tax haven, reports The Herald. Angest, who is a multimillionaire, is the owner of farming estates in Scotland that are […]
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There is no excerpt because this is a protected post.
There is no excerpt because this is a protected post.
The government announced in late April 2018 details of its new AI Sector Deal, which includes £300m of newly allocated funding to the AI sector. For its part, the private sector tech industry has promised nearly £1bn […]
Government is set to recoup the final £5.3bn in an outstanding loan to Bradford & Bingley that was part of the 2008 Financial Services Compensation Scheme. A group of investors led by Barclay’s Bank is set […]
The Scottish Government has given £1.9m to The Oil & Gas Technology Centre (OGTC) to fund a new National Decommissioning Centre of Excellence (NDCE). The NDCE will be hosted by Aberdeen University and will be […]
Our newsletter for April 2018 focused on the taxpayer-funded Persimmon executive payout, the massive $8.5bn incentives package the state of Maryland has offered Amazon for HQ2 in the US, job cuts in the UK auto […]
The Universities of Leicester, Southampton, Surrey, Edinburgh and Open University have been given £4.8m by the government’s Connecting Capability Fund to fund research and innovation in the space industry. The universities are part of the Space […]
Nissan, a company that has received nearly £800m in corporate welfare since the mid-1980s, has announced that it will cut ‘hundreds’ of jobs at its Sunderland plant due to declining demand for diesel vehicles. Nissan […]
The state of Maryland in the US has amassed an $8.5bn incentives package for Amazon, hoping to land the company’s HQ2 in the suburbs outside Washington, D.C. The Hill reports that this is one of the […]
As part of its Industrial Strategy, the UK government is investing an additional £8m into a programme aimed at commercialising university research. The programme is funded by Innovate UK as part of UK Research and Innovation […]
The news, reported by The Guardian in March, that Persimmon paid three executives a combined salary of £104m in 2017 highlights a key problem of UK corporate welfare practices — they can be exploited by individuals […]
Three projects in the North East of England were awarded a total of nearly £15m as part of the Industrial Strategy, Government announced in late-March 2018. Recipients include Northern Accelerator, a university consortium led by Durham […]
The UK government announced the launch of a creative industries Sector Deal on 28 March 2018, following up on its promise made in the Industrial Strategy. The deal commits £150m in joint investment by government […]
Our newsletter for March 2018 is focused on government funding for the Industrial Strategy, new plans for taxing turnover of large online firms in the UK and EU, and recent events that featured Kevin Farnsworth of […]
On 7 March 2018, CWW Executive Director Kevin Farnsworth spoke about tax relief from a corporate welfare perspective and debated the merits of this practice with other panellists at a Chartered Institute of Tax event […]
Science Minister Sam Gyimah announced 15 March 2018 the Government’s plans to inject billions of pounds to the UK economy by fostering opportunities in the space sector. The move is also intended to create hundreds […]
The Government is pouring £67m into vouchers to support the uptake of full fibre broadband connections. The Nationwide Gigabit Broadband Voucher Scheme (GBVS) was announced 15 March 2018 as part of the Government’s plans, outlined in […]
In a perhaps surprising popular uprising against corporate welfare in the United States, the Guardian reports that community and activist groups across the nation are speaking out in opposition to the massive tax incentives that some states […]
Just a week after news broke that the EU plans to tax the local turnover of big tech firms, the UK government released a position paper stating its intention to similarly revamp how it taxes […]
The government announced in March 2018 that the Midlands-based Worcestershire 5G Consortium has been awarded £4.8m to develop testbeds for 5G digital infrastructure. The award is part of a £25m package to develop 5G infrastructure […]
UK Export Finance (UKEF) will provide financing for a Korean Airlines purchase of Bombardier C Series aircraft, the Government announced on March 9, 2018. Of the move, Baroness Fairhead, Minister of State for Trade and […]
The UK government has provided funding for a study focused on figuring out how to incentivise drivers of electric vehicles to support the power grid by using vehicle-to-grid (V2G) charging points. The study, titled Vehicle to […]
Copyright: Corporate Welfare Watch 2017